cliffwater direct lending index

2585 0 R null 2586 0 R null null null 2587 0 R null null null << /K 1345 /Pg 22 0 R /K 1311 << /Pg 26 0 R /K 476 endobj /Pg 22 0 R /P 5162 0 R << 3334 0 obj /S /P /P 4968 0 R /K 67 /Pg 23 0 R /S /P /Lang (EN-US) << /Pg 23 0 R /S /P /Lang (EN-US) /S /P endobj /P 6366 0 R /K 580 4254 0 obj /S /Artifact /K 8 2016 0 obj >> /Lang (EN-US) >> 1219 0 obj >> 978 0 obj /S /Artifact /P 6483 0 R /K 882 HW]o[7}M^(-v-4*!,*kB8%gfnsyo9yr{'>n#>I`E2IQy0fL?o8Yr|o=={+'KF,/+/4~,$Ze\GOsGt&eC!Zh Z%{nw/!+Fn /S /Artifact /Lang (EN-US) >> /Pg 16 0 R >> 2200 0 obj /Lang (EN-US) /P 5087 0 R endobj /K 13 >> /Pg 22 0 R /P 5158 0 R 4124 0 obj /S /Artifact 2319 0 obj /Pg 22 0 R >> /Pg 24 0 R /Pg 22 0 R endobj 2094 0 obj /Lang (EN-US) /Lang (EN-US) /Pg 24 0 R << /K 1388 /Pg 13 0 R << /Pg 22 0 R /K 1491 >> null null null 2599 0 R null null null 2600 0 R null 2601 0 R endobj /Lang (EN-US) >> >> endobj << 1300 0 obj << endobj 1722 0 obj /Lang (EN-US) endobj <> << endobj /P 4763 0 R /S /Artifact >> 1882 0 obj /Pg 23 0 R /K 422 /S /Artifact /S /P << /Pg 23 0 R /S /Artifact /Lang (EN-US) /S /P 2615 0 obj << 1776 0 obj 2360 0 obj >> /Pg 22 0 R endobj 3492 0 obj /Lang (EN-US) << /K 1528 endobj 827 0 R null 828 0 R null 829 0 R null 830 0 R 831 0 R null 832 0 R /Pg 14 0 R /K 1214 /S /Artifact /Pg 24 0 R /P 4721 0 R << /K 1182 2172 0 obj /Pg 18 0 R >> /Lang (EN-US) 3906 0 obj /P 6555 0 R /S /Artifact /Pg 23 0 R 2422 0 obj /K 705 endobj /Pg 23 0 R null null null 1611 0 R null 1612 0 R null 1613 0 R null 1614 0 R /Pg 25 0 R /S /P << /ParentTree 11 0 R << /S /Artifact /K 1495 endobj << >> /Pg 20 0 R /K 188 2420 0 obj 2075 0 obj /P 5527 0 R 2757 0 obj /S /P >> /Pg 22 0 R 2036 0 obj /S /P endobj /Lang (EN-US) << << /K 505 2045 0 obj /Lang (EN-US) >> endobj /S /P /P 10 0 R 3347 0 obj /S /P /S /P /Lang (EN-US) /K 635 /Pg 22 0 R /S /P << /Pg 22 0 R /S /P /S /P /P 6471 0 R endobj /Lang (EN-US) /Pg 23 0 R /S /Artifact >> << >> << << /Lang (EN-US) /Lang (EN-US) /S /P /K 1193 /K 710 /Pg 22 0 R endobj /S /Artifact endobj /Pg 22 0 R /S /P endobj endobj /K 1170 >> /S /Artifact /K 1458 /P 5741 0 R 1696 0 obj endobj >> endobj << endobj >> /S /Artifact /Lang (EN-US) 751 0 obj endobj /S /P /K 967 /P 5390 0 R /Pg 24 0 R /S /P 4108 0 obj endobj 2683 0 obj >> /K 608 4228 0 obj << 56 0 obj /Pg 18 0 R 2146 0 obj >> >> endobj /Pg 22 0 R null 3860 0 R null 3861 0 R null 3862 0 R null 3863 0 R null 3864 0 R << 4248 0 obj /S /P >> /Pg 20 0 R >> endobj 2910 0 obj /K 660 3450 0 obj >> << 4268 0 obj endobj /P 5135 0 R /S /P 3626 0 obj /Lang (EN-US) endobj /Pg 24 0 R /K 826 endobj /S /P >> /Lang (EN-US) null 3453 0 R null 3454 0 R null 3455 0 R null 3456 0 R null null endobj << << >> /K 44 /K 1149 /Lang (EN-US) /Pg 23 0 R /K 1015 /Pg 24 0 R <> >> /K 648 /K [18 432 0 R 67] >> /K 1076 /S /P >> 531 0 obj /Lang (EN-US) << 1829 0 obj 2207 0 obj /S /Artifact 565 0 obj endobj /P 10 0 R 3964 0 obj 1800 0 obj >> << /S /Artifact endobj Access to this resource is limited to existing Cliffwater clients and qualified prospects for our Funds, By clicking "Login", I accept Terms of Use, If you are an RIA, institutional investors, or other prospect for Funds, please contact us to gain access, By clicking "Accept", I accept Terms of Use, For more information to login, call (310) 448-5000 or email info@cliffwater.com, {{CDLI.indexValue}}Index Value ({{CDLI.indexDate}}), {{CDLI.assetFairValue}}BAssets (Fair Value), {{CDLI_S.indexValue}}Index Value ({{CDLI_S.indexDate}}), {{CDLI_S.assetFairValue}}BAssets (Fair Value), {{CDLI_V.indexValue}}Index Value ({{CDLI_V.indexDate}}), {{CDLI_V.assetFairValue}}BAssets (Fair Value), {{CWBDC.indexValue}} Index Value ({{CWBDC.indexDate}}), {{CWBDC.numberofCompanies}}Number of Companies, {{CWBDC.marketCapitalization}}BMarket Capitalization, {{CWBDC.navPremium}}%NAV Premium/Discount. /Pg 17 0 R /Lang (EN-US) endobj /K 1397 /S /P /S /LBody /Pg 22 0 R /Pg 25 0 R /S /P /P 5455 0 R /Pg 24 0 R /S /P /Pg 25 0 R endobj /Lang (EN-US) << /Pg 16 0 R 3571 0 obj endobj 2348 0 obj >> endobj /S /Artifact endobj /Lang (EN-US) << /Pg 23 0 R << /Pg 22 0 R 2743 0 obj <> >> 820 0 obj 43 0 obj >> 4116 0 R 4117 0 R 4118 0 R 4119 0 R 4120 0 R 4120 0 R 4121 0 R 4122 0 R 4123 0 R 4124 0 R endobj /Pg 25 0 R /Lang (EN-US) /K 432 endobj /P 5122 0 R << /P 5622 0 R /Pg 23 0 R /K 774 endobj /P 5666 0 R << endobj /Pg 23 0 R /Pg 22 0 R /P 4774 0 R << /K 135 3107 0 obj /S /P << endobj null null null 2576 0 R null 2577 0 R null 2578 0 R null 2579 0 R /Lang (EN-US) /Pg 25 0 R null 2523 0 R null 2524 0 R null 2525 0 R null 2526 0 R null null >> >> endobj /Pg 24 0 R The Cliffwater Direct Lending Index (CDLI) seeks to measure the unlevered, gross of fee performance of U.S. middle market corporate loans, as represented by the asset-weighted performance of the underlying assets of Business Development Companies (BDCs), including both exchange-traded and unlisted BDCs, subject to certain eligibility requirements. /Pg 24 0 R /Pg 25 0 R /Pg 24 0 R endobj << 4093 0 obj >> 4339 0 obj endobj /S /Artifact >> 484 0 obj << endobj /P 5292 0 R << /Lang (EN-US) /Pg 23 0 R /S /P endobj >> endobj /Pg 23 0 R endobj endobj endobj 2203 0 obj >> /P 4939 0 R /Pg 24 0 R /Lang (EN-US) << << << >> 2636 0 obj /Pg 23 0 R 3836 0 obj /S /Artifact /K 1256 << /Lang (EN-US) /S /P /Lang (EN-US) /Pg 25 0 R /Lang (EN-US) >> << 3659 0 obj /P 5019 0 R 3030 0 obj 332 0 obj /Pg 23 0 R /S /Artifact << /StructParents 0 /Lang (EN-US) /Lang (EN-US) 1066 0 obj 3561 0 obj /K 1200 /Pg 25 0 R >> endobj endobj /K 1094 << /S /Artifact /K 1464 /S /P /Pg 25 0 R /P 5954 0 R 4149 0 obj /S /Artifact /Pg 23 0 R 2615 0 R null 2616 0 R null 2617 0 R 2618 0 R null 2619 0 R null 2620 0 R endobj 238 0 obj /S /Artifact 1126 0 obj /K 19 << endobj endobj null 3532 0 R null 3533 0 R null 3534 0 R null 3535 0 R 3536 0 R null /K [41 4682 0 R] /Pg 24 0 R >> /S /P endobj >> /K 1340 << >> /Pg 23 0 R /P 5233 0 R /Lang (EN-US) /P 5765 0 R << /S /Artifact /K 950 /P 6402 0 R /P 10 0 R 1116 0 obj endobj /K 877 /Pg 23 0 R /P 4857 0 R /Pg 23 0 R /K 1242 >> /P 5008 0 R >> 3574 0 obj /Pg 24 0 R /K 300 /K 457 1171 0 obj >> 1979 0 obj /Pg 23 0 R /Pg 22 0 R /Document#20Type (5) << endobj /Pg 25 0 R /K 1085 /Pg 25 0 R /K 1128 /K 405 3975 0 obj /K 1309 /Lang (EN-US) /K 1436 << /Pg 22 0 R endobj /K 1513 /P 5573 0 R /Lang (EN-US) /Lang (EN-US) /Lang (EN-US) /Pg 22 0 R >> /K 688 /S /Artifact /Pg 24 0 R << /Lang (EN-US) /Pg 23 0 R << >> >> << /Pg 22 0 R /P 90 0 R << >> /P 4967 0 R /Pg 25 0 R 2567 0 obj >> /Lang (EN-US) /K 154 /S /Artifact /Lang (EN-US) endobj /S /P 2713 0 obj /P 6297 0 R << /S /P >> /Pg 25 0 R /K 1530 3303 0 obj endobj 1359 0 obj /P 6392 0 R /S /Artifact /Lang (EN-US) /K 1520 /Pg 24 0 R >> /Lang (EN-US) /Lang (EN-US) /P 10 0 R >> /P 5582 0 R endobj /Lang (EN-US) /K 896 /S /Artifact /Pg 23 0 R 1890 0 obj >> /K 749 /K 680 /K 35 635 0 obj 3418 0 obj /P 4712 0 R /S /P << >> >> /K 1358 >> 2665700.00000000 endobj /K 183 << << /S /P /Pg 23 0 R /S /Artifact /P 6432 0 R null 3759 0 R null 3760 0 R null 3761 0 R null null null 3762 0 R << /K 1226 /S /P /Pg 25 0 R /S /P endobj /P 5440 0 R /Pg 24 0 R << /S /P >> /K 1160 endobj /S /Artifact /S /Artifact /K 1378 /Lang (EN-US) /S /P /S /P 3195 0 R 3195 0 R 3196 0 R 3197 0 R 3198 0 R 3199 0 R 3200 0 R 3201 0 R 3202 0 R 3203 0 R /K 1235 /Lang (EN-US) 3723 0 obj /P 4436 0 R << endobj /P 5179 0 R << << endobj << /Lang (EN-US) /Lang (EN-US) >> /P 4768 0 R /Lang (EN-US) /K 1220 >> 3825 0 obj << endobj /P 5647 0 R 874 0 obj /S /P endobj /S /Artifact /Pg 25 0 R /Pg 22 0 R 2439 0 obj /Pg 24 0 R /P 5495 0 R 1026 0 obj << /Lang (EN-US) 1821 0 obj /P 10 0 R /P 6647 0 R endobj << /Pg 23 0 R /Lang (EN-US) /P 6574 0 R endobj /S /Artifact << /K 738 /K 102 /Pg 22 0 R >> << /Lang (EN-US) /P 5049 0 R /P 5593 0 R << >> /S /P /Lang (EN-US) /K 1096 3765 0 obj /S /P /K 1487 /Pg 20 0 R /Pg 25 0 R /S /P >> >> endobj /K 1320 >> >> /K 108 /K 1506 >> endobj endobj endobj >> << << /K 15 /K 906 3948 0 obj 2595 0 obj /Pg 25 0 R endobj endobj endobj /P 6371 0 R /Pg 22 0 R >> /S /P endobj 3656 0 obj 807 0 obj endobj << 2787 0 obj endobj << >> endobj >> /Pg 20 0 R 4472 0 R 4473 0 R 4474 0 R 4475 0 R 4476 0 R 4477 0 R 4478 0 R 4479 0 R 4480 0 R 4481 0 R 1335 0 obj << << /S /Artifact /P 5350 0 R << << 1118 0 obj /Pg 24 0 R /Pg 18 0 R /S /Artifact /P 10 0 R /Pg 25 0 R /Pg 22 0 R << /Lang (EN-US) /P 6632 0 R /Pg 25 0 R endobj >> /Pg 24 0 R 1670 0 obj /S /P >> /Pg 25 0 R endobj /S /P >> endobj /K 1457 /Pg 23 0 R 2962 0 obj 3673 0 obj /P 5770 0 R >> /P 6034 0 R /S /Artifact /P 4831 0 R 3239 0 obj >> >> /S /Artifact /P 6004 0 R /P 6157 0 R 2977 0 R 2978 0 R 2979 0 R 2980 0 R 2981 0 R 2982 0 R 2983 0 R 2984 0 R 2985 0 R 2986 0 R /Pg 22 0 R /K 824 endobj /Lang (EN-US) >> /K 607 >> >> /K 15 >> << 4174 0 obj endobj /Pg 23 0 R << /S /Artifact /K 858 /P 6151 0 R >> << /S /Artifact /K 210 1868 0 obj /Lang (EN-US) /K 68 /S /P /K 1497 /S /P 2157 0 obj /P 6694 0 R /Pg 25 0 R >> >> << /S /P /Pg 23 0 R /K 1449 /K 1300 >> /Pg 23 0 R << /Pg 25 0 R << /S /P As shown in Exhibit 1, Preqin1 reported that private debt funds raised an aggregate $92.6 billion of capital globally in 2016 with direct lending funds accounting for $23.2 billion of the aggregate capital. endobj /P 10 0 R /Pg 24 0 R 3965 0 obj << << 455 0 obj /Pg 24 0 R 3327 0 obj endobj >> /Lang (EN-US) >> /Lang (EN-US) endobj /P 5224 0 R /Pg 25 0 R /S /Artifact /P 4962 0 R /S /P >> << /S /Artifact 2475 0 obj /K 1264 /Pg 23 0 R /P 4751 0 R /K 1167 >> /S /Artifact >> >> /K 40 >> 95 0 obj /Lang (EN-US) 25 444 0 R 26 445 0 R 27 446 0 R 28 540 0 R 29 541 0 R /S /P /Artifact /P <> /K 984 /K 675 << endobj /Lang (EN-US) null 1992 0 R null 1993 0 R 1994 0 R null 1995 0 R null 1996 0 R null 3000 0 obj 3228 0 obj >> >> endobj 1547 0 obj /Pg 19 0 R /S /P /S /Artifact << /S /P He is a portfolio manager responsible for US Direct Lending funds, BlackRock Credit Strategies Fund, and middle-market CLOs in the US. /P 6146 0 R /Pg 24 0 R /S /P /Lang (EN-US) /Lang (EN-US) >> /Lang (EN-US) 51 0 R 51 0 R 51 0 R 51 0 R 51 0 R 60 0 R 60 0 R 60 0 R 60 0 R 67 0 R /P 4819 0 R /Pg 26 0 R << /K 18 /P 5246 0 R << /Lang (EN-US) << >> /Pg 14 0 R /P 6460 0 R 187 0 obj /S /P /P 4868 0 R >> endobj endobj >> 1244 0 obj /S /P /Lang (EN-US) /S /Artifact 1633 0 obj /Lang (EN-US) /S /P 2004 0 obj /K 9 /P 4725 0 R >> /Pg 25 0 R /P 6081 0 R /K 129 endobj >> << /K 1200 >> 2904 0 obj << << /Type /Page /S /P /S /P endobj endobj 4276 0 obj << 3826 0 obj /Pg 23 0 R 1329 0 obj <> endobj /Pg 15 0 R /S /P /P 5595 0 R >> endobj << 1721 0 obj 1437 0 obj /Pg 22 0 R 1115 0 obj >> << /S /Artifact endobj /P 5369 0 R null 3740 0 R null 3741 0 R null 3742 0 R null 3743 0 R null 3744 0 R /K 1438 /Pg 23 0 R << /S /P >> 1109 0 obj /K 1187 2340 0 obj /K 20 /K 50 >> /S /P >> >> /P 10 0 R >> 3461 0 obj 3649 0 obj endobj /Pg 23 0 R /K 1062 endobj >> /P 4840 0 R "The positive effect is direct lending gains market share, which has . 110 0 obj >> /Lang (EN-US) /K 1378 /S /P /Pg 25 0 R /S /P /Pg 19 0 R /S /P << 4166 0 obj /S /Artifact /K [4546 0 R 4547 0 R 4548 0 R 4549 0 R 4550 0 R 4551 0 R 4552 0 R 4553 0 R 4554 0 R 4555 0 R /P 5951 0 R /Pg 25 0 R >> /K 209 /S /P >> /P 6132 0 R >> >> /Pg 13 0 R /Lang (EN-US) /K 1542 >> << >> /K 1243 << >> >> << 1903 0 obj /K 192 >> >> endobj >> << /Pg 17 0 R >> 2539 0 obj /P 5924 0 R 1311 0 obj >> /K 30 /Pg 23 0 R >> 2611 0 obj /S /P endobj >> /S /Artifact 1060 0 obj << >> /Pg 25 0 R >> /Pg 23 0 R endobj >> endobj 3324 0 R 3325 0 R 3326 0 R 3327 0 R 3328 0 R 3329 0 R 3330 0 R 3331 0 R 3332 0 R 3333 0 R /Pg 25 0 R << /Pg 25 0 R /Lang (EN-US) /K 1444 >> /Lang (EN-US) /K 855 /K 1388 /K 1278 >> /Pg 24 0 R /Lang (EN-US) 7 [null null 538 0 R null null null 561 0 R null null null /Pg 25 0 R << /S /Artifact /Pg 25 0 R /Pg 25 0 R /P 5597 0 R << /K 1006 >> endobj /K 824 <> /Pg 22 0 R endobj /Pg 22 0 R /K 1156 3466 0 obj >> 164 0 obj /K 836 /S /Artifact /S /P /K 1030 >> >> endobj /Pg 25 0 R >> /Lang (EN-US) << /Pg 24 0 R /S /Artifact /K 1106 << << endobj /K 1284 >> 2483 0 obj endobj 228 0 obj /Lang (EN-US) /S /Artifact 133 0 R] << /Pg 16 0 R endobj /K 142 /Pg 23 0 R /S /Artifact /S /P /Lang (EN-US) 3744 0 obj 715 0 obj >> /S /Artifact /Pg 22 0 R 4056 0 obj /S /Artifact endobj /P 5756 0 R /P 6010 0 R endobj endobj /S /P << /S /Artifact endobj endobj /Pg 22 0 R /Lang (EN-US) >> /Pg 25 0 R /Lang (EN-US) << /S /Artifact endobj /P 4959 0 R /K 578 /Lang (EN-US) <> /K 20 >> /K 292 /S /P endobj endobj 3197 0 obj >> 2367 0 obj >> /P 5253 0 R << endobj << /K 349 4330 0 obj /Lang (EN-US) 1264 0 obj << <> /Lang (EN-US) /P 5986 0 R /K 140 endobj 3501 0 obj /K 880 >> >> endobj 3872 0 obj /Pg 24 0 R endobj /S /P /Pg 22 0 R /Pg 18 0 R /Pg 24 0 R << >> /Pg 22 0 R /S /P >> >> /Pg 23 0 R /P 5302 0 R /K 337 /K 578 /K 1443 2398 0 obj /Pg 24 0 R << 2293 0 R 2294 0 R 2295 0 R 2296 0 R 2297 0 R 2298 0 R 2299 0 R 2300 0 R 2301 0 R 2302 0 R << endobj /K 63 /K 566 endobj 2061 0 obj >> 2038 0 obj >> >> 4312 0 obj >> /Pg 23 0 R /S /Artifact 30 0 obj << >> 745 0 obj 720 0 obj << /S /Link << /Pg 13 0 R /Lang (EN-US) /K 1354 >> /Lang (EN-US) >> >> endobj /Pg 24 0 R /K 1386 /P 10 0 R 2774 0 R null 2775 0 R null 2776 0 R null 2777 0 R null 2778 0 R 2779 0 R /K 87 /K 55 /P 6409 0 R >> << /K 686 endobj >> /P 6463 0 R << endobj /Pg 23 0 R /P 5075 0 R /Lang (EN-US) << 654 0 obj endobj /K 1148 /K 1507 252 0 obj << << /K 1372 1503 0 obj /P 5768 0 R endobj >> /K 1279 /K 668 /P 4864 0 R >> << 197 0 R 198 0 R 199 0 R 200 0 R 201 0 R 202 0 R 203 0 R 204 0 R 205 0 R 206 0 R /Lang (EN-US) /S /P >> 3892 0 R null 3893 0 R null 3894 0 R 326 0 R 3895 0 R 3896 0 R 3897 0 R 3898 0 R endobj << /Pg 23 0 R /S /P /K 327 >> /P 6423 0 R /K 57 endobj << /S /P endobj /P 6120 0 R /P 5492 0 R << /K 1535 497 0 obj (2) Refinitiv LPC's 4Q22 Sponsored Middle Market Private Deals Analysis - January. /K 1020 >> >> 1405 0 obj /K 1411 /K 591 << /S /P /Pg 22 0 R /K 1013 /S /P endobj >> endobj endobj 1252 0 obj /Pg 23 0 R /Pg 23 0 R >> /Pg 24 0 R /Pg 25 0 R /Lang (EN-US) /Pg 13 0 R /K 1497 /K 927 >> 3294 0 obj >> endobj /Pg 23 0 R /Pg 24 0 R /P 6089 0 R /Lang (EN-US) /K 1547 >> /K 24 endobj >> /S /Artifact /Pg 23 0 R /K 1292 /K 1013 /K 1540 << /S /P 2127 0 obj /K 1266 /S /Artifact endobj 3463 0 obj >> 2170 0 obj /Pg 22 0 R /S /Artifact /Lang (EN-US) 756 0 obj /Pg 26 0 R >> /K 944 /Pg 24 0 R /P 6330 0 R /Lang (EN-US) /Lang (EN-US) /K 1485 << 2060 0 obj >> 4078 0 obj /K 271 /P 10 0 R /S /P /Pg 19 0 R << 3865 0 obj << >> 4019 0 obj /K 1261 >> /K 1144 >> /S /Artifact endobj /K 1010 /P 5099 0 R /S /Artifact >> endobj /S /Artifact 4221 0 obj << >> /S /Artifact /K 1113 4153 0 obj endobj endobj << << /Lang (EN-US) /K 1544 /S /P >> >> /K 1253 /Lang (EN-US) /Pg 23 0 R endobj /K 129 /Pg 24 0 R << /Pg 15 0 R /K 1342 /Pg 19 0 R endobj endobj /Pg 15 0 R ** First Eagle Credit Opportunities Fund uses Distribution Yield in place of Yield to Worst. /K 1192 /S /P 1651 0 obj endobj >> 1296 0 obj /Pg 24 0 R /P 4898 0 R /K 82 /Pg 25 0 R /K 256 /A 4410 0 R /P 5256 0 R /S /P /S /Artifact >> << << /Pg 22 0 R /K 152 /K 1421 >> /K 220 1622 0 obj /Lang (EN-US) /S /Artifact >> null 1090 0 R null 1091 0 R null 1092 0 R null null null 1093 0 R >> /K 971 /Pg 22 0 R endobj /K 1140 /P 6710 0 R << 1539 0 obj << /S /Artifact endobj >> /S /P /S /P /Pg 22 0 R << >> /K 1311 << /K 651 /Pg 22 0 R 3055 0 obj /P 5820 0 R << endobj /K 1422 /Pg 22 0 R 1810 0 obj /K 1517 >> 2425 0 obj >> /Pg 25 0 R << endobj /S /Artifact /K 223 /S /P 3775 0 R null 3776 0 R null 3777 0 R null 3778 0 R null 3779 0 R null << /Lang (EN-US) /P 5090 0 R /S /P /K 1391 1590 0 obj /Pg 24 0 R /K 507 183 0 obj /K 32 endobj /K 1128 /Pg 23 0 R /Lang (EN-US) /S /Artifact /K 284 << /K 1328 /Pg 24 0 R /Lang (EN-US) 2276 0 obj /Lang (EN-US) << /S /Artifact /P 5401 0 R 949 0 obj /S /P << /S /P 3483 0 obj endobj 1501 0 obj endobj /P 5675 0 R 2039 0 obj endobj 4156 0 obj /S /P <> endobj /K 435 /Pg 23 0 R endobj >> /Kids [13 0 R 14 0 R 15 0 R 16 0 R 17 0 R] << /Pg 23 0 R endobj >> 2950 0 obj /Pg 23 0 R /S /P /P 4935 0 R << /Pg 25 0 R /K 1169 endobj 2397 0 obj /P 4635 0 R /Pg 23 0 R /Pg 23 0 R endobj /S /P 3295 0 obj /S /P 3582 0 obj /Lang (EN-US) >> endobj /S /P 1138 0 R 1139 0 R 1140 0 R 1141 0 R 1142 0 R 1143 0 R 1144 0 R 1145 0 R 1146 0 R 1147 0 R /Lang (EN-US) /P 5641 0 R /S /P /K 1219 /K 1331 << <> /K 357 4256 0 obj << << 1504 0 obj /S /P /S /P /Pg 25 0 R << /S /Artifact << /S /Artifact /K 50 /S /P /Pg 23 0 R /K 1491 /Pg 22 0 R /Pg 22 0 R /Pg 22 0 R 1140 0 obj /K 1501 << 2269 0 obj 3386 0 obj << /S /P >> /Lang (EN-US) /Lang (EN-US) << /K 1124 /Lang (EN-US) 1801 0 obj endobj 804 0 obj endobj << /K 382 2285 0 obj 5 This growth has been due in part to the declining presence of banks in middle-market lending - a trend that began in the endobj << << >> /K 246 3824 0 obj /K 81 >> << /Pg 18 0 R << >> /K 91 /Lang (EN-US) << /K 244 /CropBox [0 0 612 792] /Lang (EN-US) /Lang (EN-US) 4111 0 obj /Pg 22 0 R /P 5880 0 R >> 3102 0 obj 1365 0 obj /K 1545 /S /P /P 10 0 R /S /Artifact >> 4044 0 obj >> << /K 1248 << >> /S /Artifact /Pg 25 0 R >> 2634 0 R null null null 2635 0 R null null null 2636 0 R null /S /P >> /S /P << endobj >> >> 1277 0 obj 4030 0 obj endobj /Pg 24 0 R /S /Artifact /K 412 >> /Pg 22 0 R >> 2780 0 obj << /Lang (EN-US) /S /Artifact /S /P /Lang (EN-US) 1747 0 obj << endobj >> 3785 0 obj /K 545 >> endobj /P 5524 0 R >> >> /Pg 24 0 R /K 42 186 0 obj >> >> << << /S /P >> << 403 0 obj /P 5749 0 R /P 5085 0 R >> endobj endobj << /Pg 25 0 R >> /Pg 18 0 R /S /P /Pg 25 0 R endobj <> endobj << /K 877 /P 10 0 R >> 3754 0 obj >> /Lang (EN-US) >> /K 1162 /S /P 311 0 obj /Lang (EN-US) endobj << /Pg 23 0 R << /K 1031 /S /Artifact endobj 1877 0 obj /P 4754 0 R /K 1 683 0 obj 796 0 obj /Pg 23 0 R 1480 0 obj endobj >> /S /P /S /Artifact endobj >> /K 1324 endobj /K 300 << endobj << /K 10 >> /Pg 25 0 R /S /Artifact endobj 1146 0 obj 4296 0 obj /K 1499 3354 0 obj 3616 0 obj endobj /Pg 23 0 R << endobj /Lang (EN-US) /Lang (EN-US) /Pg 22 0 R 3430 0 obj << /Lang (EN-US) << 525 0 obj /K 1372 /Pg 17 0 R /K 1205 >> /Pg 23 0 R <> /Lang (EN-US) /K 994 endobj /Pg 25 0 R endobj << /S /Artifact >> /K 135 endobj /Pg 22 0 R /Pg 24 0 R /Lang (EN-US) endobj /K 1445 /K 1459 endobj >> /K 1350 endobj >> /Pg 24 0 R << /Lang (EN-US) 4234 0 R 4235 0 R 4236 0 R 4237 0 R 4238 0 R 4239 0 R 4240 0 R 4241 0 R 4242 0 R 4243 0 R endobj /K 1179 /S /Artifact >> /Pg 25 0 R /Pg 18 0 R endobj /S /Artifact /P 10 0 R null 2670 0 R null null null 2671 0 R null null null 2672 0 R 2994 0 obj /K 12 /Lang (EN-US) endobj >> >> /Pg 22 0 R 1596 0 obj 3405 0 obj /Lang (EN-US) /K 1131 endobj /Pg 22 0 R >> 538 0 R null null null null null 539 0 R null 195 0 R 540 0 R << endobj >> >> 3357 0 obj /Pg 23 0 R /Lang (EN-US) /Lang (EN-US) /K 1546 >> /S /P << /K 1538 /K 1249 /S /P 3920 0 obj << /K 430 >> /K 513 /P 38 0 R << >> /S /P >> 3526 0 obj /Pg 22 0 R /Pg 22 0 R << 4194 0 obj /S /P /P 5980 0 R >> /Pg 25 0 R /S /Artifact /Type /Page /Lang (EN-US) /S /Artifact << endobj /S /P /S /P /Resources 4379 0 R endobj /P 6581 0 R /S /P endobj /Pg 24 0 R /K 1368 /S /P /S /P << /S /Artifact /Parent 9 0 R 782 0 obj /Pg 24 0 R >> /K 1193 /S /P /S /Artifact /Pg 21 0 R endobj >> /P 4785 0 R << /S /Artifact endobj >> /K 689 2245 0 obj endobj endobj >> /K 186 20 0 obj /Pg 22 0 R /Lang (EN-US) >> /S /Artifact /Lang (EN-US) >> << /K 1493 >> /Pg 25 0 R 2698 0 obj << endobj << << /S /P /K 1519 /S /P << << endobj /K 1548 /K 82 /P 5036 0 R << >> /P 5462 0 R endobj /K 684 3780 0 obj /K 606 /S /P >> /K 722 endobj endobj 593 0 obj /Pg 22 0 R /Pg 23 0 R 2413 0 R 2414 0 R 2415 0 R 2416 0 R 2417 0 R 2418 0 R 2419 0 R 2420 0 R 2421 0 R 2422 0 R /S /Artifact /Pg 25 0 R /K 1190 >> /Pg 23 0 R /Pg 24 0 R >> <> /Pg 22 0 R /S /Artifact /Pg 25 0 R 357 0 obj /Pg 25 0 R /K 1501 /K 981 >> >> 1031 0 obj /Pg 23 0 R /Pg 25 0 R endobj >> << <> >> /K 868 /P 4950 0 R /P 5402 0 R 3223 0 obj /S /P /P 5396 0 R /S /P /Lang (EN-US) /S /P 2814 0 obj >> endobj /Lang (EN-US) /Pg 23 0 R endobj /K 1224 endobj /S /P 3313 0 obj >> endobj /S /Artifact /P 4803 0 R 3986 0 obj /P 6580 0 R /S /Artifact /P 10 0 R /K 1180 endobj <> /P 6043 0 R /S /Artifact 590 0 obj endobj /S /Artifact >> >> >> 2050 0 obj /Lang (EN-US) /K 1012 /S /P >> << /K 1462 /S /P >> << << /Pg 25 0 R /S /P endobj /K 248 3745 0 R null 3746 0 R null 3747 0 R null 3748 0 R null 3749 0 R null endobj 3219 0 obj 2454 0 obj /Lang (EN-US) endobj 2755 0 obj /K 1426 << << << << >> /P 5354 0 R >> /S /P 2935 0 R null 2936 0 R null 2937 0 R null 2938 0 R null 2939 0 R null /K 160 /P 5726 0 R null null null null null 593 0 R null 594 0 R 595 0 R null /S /P /Pg 22 0 R << /K 1347 209 0 obj endobj /P 5460 0 R /S /P << endobj >> /Pg 13 0 R >> 105 0 obj /S /Artifact /S /P >> /Pg 23 0 R /Pg 25 0 R << /Lang (EN-US) /K 1351 /K 173 2374 0 obj 107 0 obj /Lang (EN-US) >> 3192 0 obj /Lang (EN-US) /Pg 23 0 R << 3027 0 obj /Pg 15 0 R 632 0 obj 2680 0 obj endobj /P 6090 0 R /K 830 2161 0 obj /K 1150 endobj /K 1369 /P 5785 0 R /S /P /K 1544 /K 4 /S /Artifact /P 6600 0 R /Pg 13 0 R >> /Lang (EN-US) This index captures both mark-to-market volatility (based on quarterly loan valuation changes) as well /K 652 2646 0 obj >> /Lang (EN-US) >> /S /P /K 593 /S /P >> /Lang (EN-US) 2107 0 obj /Lang (EN-US) /K 631 /Pg 25 0 R >> << /K 1531 >> endobj << /K 1411 << /Type /Catalog endobj << /K 674 << endobj /Lang (EN-US) /Lang (EN-US) << 2216 0 obj endobj /P 6627 0 R << >> endobj 1431 0 obj << >> /S /P /S /Artifact /P 6434 0 R 3227 0 obj /K 850 endobj 4091 0 obj 4336 0 obj /S /P 2570 0 obj >> /S /P /S /Artifact /K 756 << /S /P >> /Pg 23 0 R /K 848 /K 1212 endobj << >> << /K 2 /Pg 25 0 R /S /Artifact << /Pg 13 0 R /S /P >> /Pg 23 0 R /P 6660 0 R /S /Artifact /S /P /S /Artifact << << /S /P /Lang (EN-US) >> /K 1316 /K 397 /Pg 23 0 R >> 661 0 obj >> /P 6148 0 R /Pg 24 0 R /Lang (EN-US) << /Pg 24 0 R /S /P /S /Artifact >> /S /Figure /K 115 /Pg 24 0 R endobj 2803 0 obj >> /K 1291 << 2265 0 obj >> 1328 0 obj /P 6718 0 R << /S /P 4274 0 R 4275 0 R 4276 0 R 4277 0 R 4278 0 R 4279 0 R 4280 0 R 4281 0 R 4282 0 R 4283 0 R /K 1079 << /Lang (EN-US) /Pg 25 0 R >> /S /Artifact /Lang (EN-US) /P 6076 0 R /S /Artifact /Lang (EN-US) 247 0 R 248 0 R 249 0 R 250 0 R 251 0 R 252 0 R 253 0 R 254 0 R 255 0 R 256 0 R << endobj /Pg 22 0 R 3678 0 obj >> /K 994 /P 5575 0 R /Pg 25 0 R /P 6408 0 R /Pg 23 0 R /Pg 23 0 R 2140 0 obj /Pg 22 0 R /K 1336 4104 0 obj /P 6696 0 R >> << /S /P << /Pg 24 0 R /Pg 25 0 R << << >> << >> << 3802 0 R null 3803 0 R null 3804 0 R 3805 0 R null 3806 0 R null 3807 0 R >> /Pg 24 0 R >> /S /P /Pg 21 0 R endobj /K 1317 /K 986 /Pg 23 0 R >> /K 825 >> /S /P /Rotate 0 /Pg 25 0 R /S /P 4074 0 obj >> /S /P >> 4067 0 obj /P 6516 0 R 4012 0 obj 2917 0 obj /S /P << /Lang (EN-US) >> endobj endobj << /Pg 23 0 R 677 0 obj endobj /P 4727 0 R
Chaminade Basketball Coach, Police Activity In Redmond, Wa Today, Lisa Selesner Parents, Alto Vista Chapel Aruba Mass Times, Articles C